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Capital Appraisal Group tells Dimmit County a post-certification supplement added $223 million to mineral valuation
Summary
Consultants from Capital Appraisal Group told the commissioners court that late reporting by operators and state agencies led to a $223 million supplemental increase to 2024 mineral values; staff invited commissioners to an April 28 forecast presentation.
Capital Appraisal Group told the Dimmit County Commissioners Court that a post-certification supplemental process added about $223 million to the county's certified mineral appraisal roll for 2024.
Consultant Leo Wideman, introduced at the meeting as a petroleum engineer with decades of experience working in oil-and-gas valuation, described the firm's approach: collect production data from the Railroad Commission and sales data from the Texas Comptroller, forecast production, generate cash-flow models and discount to present value. He said the company issues a 100% value appraisal and then…
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